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- DataBank
DataBank Revenue, Valuation, Funding & Investors
DataBank is valued at $6.2B as of January 2025.
Last DataBank valuation
$6.2B
Secondary · Jan 2025
Last DataBank funding round
$250M
Undisclosed stage · Jun 2026
DataBank revenue
$311M
Secondary · Aug 2022
Key investors in DataBank
Ardian
TJC
Northleaf Capital Partners
DigitalBridge Group
AustralianSuper
Swiss Life
About DataBank
DataBank is a provider of data center colocation, cloud, and managed hosting services across 60-plus facilities in North America. Dallas-headquartered and founded in 1989, it supports enterprises with connectivity to major cloud providers like AWS and Azure, emphasizing compliance and uptime guarantees.
Founded
2013
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Subscription
Revenue
$311M (Aug 2022)
Valuation
$6.2B (Jan 2025)
Sectors
DataBank Valuation
DataBank is currently valued at $6.2B, based on its secondary sale in January 2025.
DataBank's valuation has moved from $12B at its secondary sale in August 2022 to $6.2B in January 2025, across 3 priced rounds.
DataBank valuation by funding round
Revenue multiple| Date | Stage | Valuation | Revenue Multiple |
|---|---|---|---|
| Jan 2025 | Secondary | $6.2B | - |
| Nov 2023 | Undisclosed stage | $2.2B | - |
| Aug 2022 | Secondary | $12B | 39.5x |
DataBank Revenue
DataBank's latest recorded revenue is $311M, as of its secondary sale in August 2022. At a $12B valuation, that implies a 39.5x revenue multiple.
DataBank revenue by funding round
| Date | Revenue * | Valuation | Revenue Multiple | Stage |
|---|---|---|---|---|
| Aug 2022 | $311M | $12B | 39.5x | Secondary |
* Revenue (or ARR) figures are the values recorded alongside each funding round. Typically run-rate revenue at the time of the deal, or a reported LTM (last 12 months) revenue.
DataBank Funding History
DataBank has raised a total of $2.7B across 4 funding rounds, plus 3 secondary share sales.
DataBank's first fundraising round was a $188M undisclosed-stage round in November 2023. The most recent completed round was a $250M undisclosed-stage round in June 2026.
DataBank funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Jun 2026 | Undisclosed stage | - | $250M | - | DataBank closed **$1.45 billion** in new financing on June 15, 2026, consisting of an **$800 million revolving credit facility** and a **$650 million upsize** of its existing construction financing for its Red Oak, Texas data center campus. The revolver matures in 2031 and the Red Oak upsize includes **$400 million in bank financing** and **$250 million in private placement notes**; the total Red Oak campus financing now stands at **$2.65 billion**. The proceeds are designated for general corporate purposes, working capital, capital expenditures, liquidity support, and continued growth and acquisition strategy. |
| Jan 2025 | Secondary | - | $600M | $6.2B | DataBank is a leading provider of enterprise-class edge colocation, interconnection, and managed services, operating over 65 HPC-ready data centers across more than 25 markets in the U.S., with 20 interconnection hubs and connectivity to major cloud providers. The company serves enterprise and Big Tech customers, including hyperscalers like Amazon, Microsoft, and Google, focusing on multitenant colocation and single-tenant facilities optimized for low-latency applications, financial trading, and AI inferencing. On January 30, 2025, DataBank completed an oversubscribed $2B equity round initially announced in October 2024, resulting in a $250M primary equity investment from TJC (formerly The Jordan Company) and a $600M secondary share sale to new investors. Existing investors, including DigitalBridge, sold portions of their stakes; DigitalBridge received $59M in gross proceeds while retaining a 7.8% ownership stake valued at $486M, implying a total company valuation of $6.23B—a 24% increase from the prior recapitalization and a 2.2x MOIC on DigitalBridge's investment since December 2019. Proceeds support development of new data center campuses and equity purchases from existing investors. This transaction follows a $2B equity round in October 2024 led by AustralianSuper and brings DataBank's total debt and equity raised in the past 18 months to nearly $5B. The company, acquired in 2016 by investors led by DigitalBridge and expanded through acquisitions like Lightbound in 2018 and zColo assets in 2020, has also pursued asset-backed securitizations, including a $665M ABS for a $4.2B portfolio of 36 colocation centers (1.6M SF, 258 MW capacity across 14 markets) and a prior $1.1B hyperscale ABS. DataBank operates one of the largest U.S. colocation portfolios with 73 properties totaling 877 MW in over 25 metro areas. |
| Jan 2025 | Undisclosed stage | TJC (lead) | $250M | - | DataBank is a leading provider of enterprise-class edge colocation, interconnection, and managed services for data centers. The company helps world's largest enterprises, technology companies, and content providers ensure their data and applications are always available, secure, compliant, and ready to scale for the artificial intelligence era. DataBank operates over 65 HPC-ready data centers across more than 27 markets with 20 interconnection hubs and virtually unlimited reach to major cloud providers. In January 2025, DataBank announced a $250 million equity investment from private equity firm TJC (formerly The Jordan Company), along with a $600 million secondary share offering in which existing investors sold shares. This funding resulted from excess investor interest in DataBank's oversubscribed $2 billion primary equity round announced in October 2024. The combined $850 million in new capital brought DataBank's total debt and equity raised over the preceding 18 months to nearly $5 billion, reflecting strong investor confidence in the company's growth strategy and position in the AI-driven data center sector. DataBank has expanded through strategic acquisitions, including Lightbound in 2018 and zColo's U.S. and U.K. data center assets in 2020, and was recognized by Deloitte and Inc. 5000 in 2024 as one of the fastest-growing private U.S. companies. The proceeds from the January 2025 investment are being used to finance development of new data center campuses and support the company's expansion in response to sustained demand for reliable, scalable, and energy-efficient infrastructure driven by artificial intelligence workloads. |
| Oct 2024 | Undisclosed stage | AustralianSuper (lead); DigitalBridge Group | $2B | - | DataBank is a leading provider of enterprise-class edge colocation, interconnection, and managed services with a portfolio of over 65 data centers across more than 27 markets. In October 2024, the company announced a $2.0 billion equity raise led by AustralianSuper, Australia's largest superannuation fund, which committed $1.5 billion as its first investment in the U.S. data center market. The capital raise was oversubscribed, with existing investors including DigitalBridge Group committing an additional $483 million. Upon closing, AustralianSuper became a significant minority owner and joined DataBank's board of directors. The investment will fund expansion of more than 850MW of additional data center capacity across DataBank's portfolio—more than tripling its existing 330MW of deployed power—to meet accelerated demand for enterprise, cloud, and AI workloads. DataBank has approximately 65 data centers in 27 markets and serves colocation, interconnection, cloud computing, and storage needs for enterprise and technology customers. |
| Nov 2023 | Undisclosed stage | - | $188M | $2.2B | DataBank is a leading provider of enterprise-class edge colocation, interconnection, and managed services, focusing on data center capacity in Tier I and Tier II markets to meet demand from hyperscale cloud and AI workloads. In late 2023, around November 28, the company achieved a post-money valuation of $2.2 billion, as reported in investment tracking platforms. This valuation aligns with a period of significant capital raising and growth, preceding larger subsequent rounds. The company demonstrated strong operational performance leading up to and around this time, surpassing its full 2023 sales plan by 135% by the end of Q2 2023 and leasing over 60MW of capacity in Q2 alone. It reported a 56% year-over-year growth in Q2 2023 run rate adjusted EBITDA, though specific revenue or EBITDA figures were not disclosed. DataBank supported its expansion with debt issuances, including $715 million in secured notes in March 2023 and a $350 million credit facility in April 2023. Following the November 2023 valuation milestone, DataBank continued aggressive fundraising, announcing a $2B primary equity round in October 2024 due to high demand in the data center sector driven by AI. This oversubscribed round led to an additional $250M equity investment from TJC in January 2025 and a $600M secondary share sale, bringing total debt and equity raised in the prior 18 months to nearly $5B. Funds were earmarked for new data center campuses and equity purchases from existing investors, underscoring sustained investor confidence in DataBank's positioning amid digital infrastructure growth. |
| Aug 2022 | Secondary | Ardian; Swiss Life; Northleaf Capital Partners; EDF Ventures | $1.5B | $12B | DataBank is a leading U.S. provider of edge colocation and interconnection infrastructure, operating over 65 data centers and 20 interconnection hubs across more than 25 markets to support decentralized internet infrastructure and edge computing growth. On August 30, 2022, an investor consortium led by Swiss Life and EDF Invest, including Ardian and Northleaf Capital Partners, acquired a 35% fully-diluted equity stake in DataBank from existing investors for approximately $1.5 billion in the first phase of a major recapitalization. This transaction valued the 35% stake at $1.5 billion, implying a full pre-transaction equity value of about $4.3 billion. DigitalBridge, a prior major investor, sold part of its stake in the deal, receiving $318 million in proceeds and reducing its ownership to 13.4%, with the transaction reflecting a 2.0x multiple of invested capital on its $905 million pre-transaction net equity value. The recapitalization, advised by Goldman Sachs and Proskauer Rose, aimed to fund DataBank's aggressive expansion plans amid rising demand for edge infrastructure. Further stages were planned through Q4 2022 to bring in additional investors. DataBank's growth has been fueled by prior financings, including a $658M securitization in 2021, setting the stage for its position in the data center market serving major enterprises, technology providers, and cloud ecosystems. |
| Jan 2020 | Secondary | - | $185M | - | - |
Who has invested in DataBank?
7 investors have backed DataBank across its funding rounds, including Ardian, TJC, Northleaf Capital Partners, DigitalBridge Group, AustralianSuper and Swiss Life.
Lead investors include TJC and AustralianSuper.
DataBank Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 1 | Participant | Aug 2022 | ||
| 1 | Participant | Aug 2022 | ||
| 1 | Lead | Jan 2025 | ||
| 1 | Participant | Aug 2022 | ||
| 1 | Lead | Oct 2024 | ||
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Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.
Start Free TrialAcquisitions by DataBank
DataBank has acquired 5 companies to date.
Last acquisition by DataBank was on September 29th 2020. DataBank acquired zColo for $1.4B.
Latest Acquisitions by DataBank
| Description | zColo is a carrier-neutral colocation provider operating under Zayo Group across 13 North American markets including New York, Chicago, Los Angeles, and Minneapolis. The company exclusively manages the Meet-Me-Room at 60 Hudson Street in New York City alongside facilities in Pittsburgh, Nashville, Memphis, Cincinnati, Cleveland, Columbus, Las Vegas, and others in the NY/NJ metro area. zColo delivers interconnection-focused data center services supporting high-density carrier deployments, cross-connects, and direct cloud on-ramps for enterprise and network providers. | Lightbound LLC is a provider of enterprise connectivity solutions including dedicated internet voice services colocation network transport and Infrastructure-as-a-Service cloud hosting. Headquartered in Louisville Kentucky it operates multiple data centers across the Midwest serving businesses government agencies and carriers. Lightbound delivers fiber-based broadband up to 100 Gbps MPLS VPNs SIP trunking and private cloud environments compliant with HIPAA and PCI standards. Acquired by Nexstar Media Group in 2021 the company supports over 1,000 customers with 99.999 percent uptime guarantees and 24/7 support. | Edge Hosting, now integrated into DataBank, delivers enterprise-grade data center colocation, cloud computing, and interconnection services from facilities across North America. DataBank operates 72 data centers in 27 markets, providing 100% uptime SLA for mission-critical workloads with features like carrier-neutral connectivity and hybrid cloud environments. Acquired in 2019, the platform supports sectors such as finance and healthcare with bare metal servers, private cloud instances, and direct connections to major cloud providers like AWS and Azure. | C7 Data Centers is a U.S.-based colocation provider offering secure, low-cost facilities in tornado- and hurricane-resistant regions like Utah and Arizona. The company delivers carrier-neutral space, disaster recovery suites, and virtualization services with redundant power and cooling. C7 operates Tier III-compliant data centers free from flood and seismic risks. | |
| HQ Country | |||||
| HQ City | Louisville, KY | Indianapolis, IN | Baltimore, MD | Salt Lake City, UT | |
| Deal Date | 29 Sep 2020 | 17 Dec 2018 | 21 Sep 2017 | 17 Jan 2017 | |
| Valuation | $1.4B | undisclosed | undisclosed | undisclosed | |
| EV/Revenue | |||||
| EV/EBITDA | |||||
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DataBank Competitors
DataBank competitors include listed companies like GDS Holdings, Nextdc, Lumen and D-Wave Quantum, and private ones like Bersama Digital Infrastructure and Khazna.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Publicly listed | $1.7B | $882M | $6.2B | 6.3x | ||
| Publicly listed | $353M | $138M | $6B | 19.2x | ||
| Private | - | $403M | $6.5B | - | ||
| Publicly listed | $12B | $1.2B | $6.7B | 1.6x | ||
| Publicly listed | $25M | ($373M) | $6.7B | 166.4x | ||
| Private | - | - | $5.5B | - |
DataBank Public Comps
DataBank is still privately-owned, but its public comps include GDS Holdings, Nextdc, Lumen, D-Wave Quantum, INWIT, Core Scientific, Wangsu, Rigetti, Applied Digital and Oracle Corp Japan.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $1.7B | $882M | 6.8x | 6.3x | 13.1x | 13.6x | |||
| $353M | $138M | 21.9x | 19.2x | 56.0x | 38.3x | |||
| $12B | $1.2B | 1.5x | 1.6x | 14.7x | 6.1x | |||
| $25M | ($373M) | 252.9x | 166.4x | (16.7x) | (56.5x) | |||
| $1.2B | $1.1B | 10.6x | 10.6x | 11.8x | 11.7x | |||
| $319M | ($211M) | 25.2x | 13.9x | (38.1x) | 50.7x | |||
| $695M | $138M | 6.4x | 6.0x | 32.6x | 30.5x | |||
| $7M | ($225M) | 698.5x | 265.6x | (22.0x) | (69.4x) | |||
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Common questions about DataBank
| When was DataBank founded? | DataBank was founded in 2013. |
| Where is DataBank headquartered? | DataBank is headquartered in Dallas, TX, United States. |
| Is DataBank publicly listed? | No, DataBank is a private, VC-backed company. |
| What is DataBank's valuation? | DataBank was last valued at $6.2B in its secondary sale in January 2025. |
| How much funding has DataBank raised? | DataBank has raised $2.7B across 4 funding rounds. |
| What was DataBank's last funding round? | DataBank's last funding round was a $250M undisclosed-stage round in June 2026. |
| Who are DataBank's investors? | DataBank's investors include Ardian, Swiss Life, TJC, Northleaf Capital Partners, AustralianSuper, EDF Ventures and DigitalBridge Group. |
| What is DataBank's revenue? | DataBank's latest recorded revenue is $311M (August 2022). |
| What is DataBank's revenue multiple? | DataBank's latest valuation implies a 39.5x revenue multiple ($12B valuation on $311M of revenue). |
| Which companies are comparable to DataBank? | Companies comparable to DataBank include GDS Holdings, Nextdc, Bersama Digital Infrastructure, Lumen, D-Wave Quantum and Khazna. |
| How many companies has DataBank acquired? | DataBank has acquired 5 companies, including zColo, Lightbound, LLC, Edge Hosting, C7 Data Centers and Arsalon Technologies. |
| What was the largest acquisition by DataBank? | The $1.4B acquisition of zColo in September 2020 is the largest acquisition DataBank has made to date. |
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